Devlin gets new start at Edelman following husband's guilty plea

NEW YORK: Brunswick Group's Nina Devlin has joined Edelman as SVP in the firm's New York financial practice, effective May 18. PRNewser broke the news this morning, and Rich Myers, group head of the New York financial practice confirmed it to PRWeek.

Devlin is a former partner at Brunswick whose husband Matthew was charged with insider trading in December. He allegedly used information he gathered from his wife in the commission of crimes. Neither Nina Devlin nor Brunswick Group were charged, but the firm had suspended Devlin pending an investigation.

Brunswick said in a statement that Devlin recently resigned from that post.

“Nina Devlin voluntarily resigned from Brunswick earlier this year. Ms. Devlin was a valued member of our firm for nine years, a loyal employee and a respected partner. We wish her the very best in her future endeavors.”

It declined further comment on the situation.

Devlin will work on financial communications and IR issues for Edelman.

When asked about whether the insider trading case was a consideration in hiring Devlin, Myers referred back to his statement, and said only that the firm was “delighted” to have her on board.

Myers went on to note that the practice area does not plan to make any additional hires at this time.

“Right now we're staffed at just the right level,” he said.

A former Lehman Brothers Holdings broker, Frederick Bowers, pled guilty to insider trading charges earlier this month and faces 12 to 18 months in prison. Matthew Devlin pleaded guilty to conspiracy and securities fraud in December and is reportedly cooperating with the government.